Kroll Bond Rating Agency Assigns Preliminary Ratings to Foursight Capital Automobile Receivables Trust 2017-1

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) announces the preliminary ratings to four classes of notes issued by Foursight Capital Automobile Receivables Trust 2017-1 (“FCRT 2017-1”), a subprime auto asset-backed securities transaction. FCRT 2017-1 will issue four classes of notes in an aggregate principal amount of $172.03 million with an estimated closing date of April 19, 2017. The preliminary ratings reflect the initial credit enhancement levels ranging from 28.70% for the Cl